The deal will help bankrupt Nine West Holdings restructure its balance sheet to focus on its more profitable businesses.
The Italian footwear label, which has just released its first pre-collection, is inaugurating its first North American showroom in late July.
Limited to 1,200 pairs, the collection is available exclusively at KaDeWe Berlin and Birkenstock online.
The private equity fund will control a 60 percent stake in the label.
An affiliate of Charlesbank Equity Fund IX has agreed to be the “stalking horse” for Rockport’s assets.
The collection revolves around a vinyl slingback featuring the brand’s signature Blade heel encapsulated within a Plexiglas case.